Nomura (NYSE:NMR) Sets New 12-Month High - Time to Buy?

Key Points

• Nomura shares reached a new 52-week high of $10.60, trading about 3% above the prior close, with the stock well above its 50-day and 200-day moving averages.
• Analysts have generally turned more bullish: Nomura has a consensus “Buy” rating from MarketBeat, with a consensus price target of $10.20, below the newly reached high.
• Nomura reported quarterly EPS of $0.30 on $4.19 billion in revenue, alongside a 10.42% return on equity and 8.09% net margin; institutional investors own 15.14% of the stock.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.60 and last traded at $10.5630, with a volume of 88949 shares changing hands. The stock had previously closed at $10.25.

Analysts Set New Price Targets

A number of research firms have recently commented on NMR. Weiss Ratings raised shares of Nomura from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 17th. Bank of America raised shares of Nomura from a "neutral" rating to a "buy" rating and set a $10.20 price target for the company in a report on Thursday, June 25th. Nomura raised shares of Nomura to a "buy" rating and set a $10.20 price target on the stock in a research note on Thursday, June 25th. Zacks Research upgraded shares of Nomura from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Nomura from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Nomura presently has a consensus rating of "Buy" and a consensus target price of $10.20.

Nomura Stock Up 3.0%

The firm has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $8.78. The company has a market capitalization of $30.97 billion, a PE ratio of 12.27, a P/E/G ratio of 1.10 and a beta of 0.70. The company has a debt-to-equity ratio of 8.06, a quick ratio of 2.00 and a current ratio of 2.00.

Nomura (NYSE:NMR - Get Free Report) last released its earnings results on Tuesday, June 30th. The financial services provider reported $0.30 EPS for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%.The company had revenue of $4.19 billion during the quarter. Equities research analysts anticipate that Nomura Holdings Inc ADR will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Trust Point Inc. grew its holdings in Nomura by 7.0% during the 2nd quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider's stock worth $154,000 after acquiring an additional 1,140 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Nomura by 2.8% during the fourth quarter. Franklin Resources Inc. now owns 42,647 shares of the financial services provider's stock worth $358,000 after purchasing an additional 1,148 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Nomura by 5.6% during the fourth quarter. Parallel Advisors LLC now owns 22,208 shares of the financial services provider's stock worth $186,000 after purchasing an additional 1,176 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Nomura by 6.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 21,392 shares of the financial services provider's stock worth $179,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in Nomura by 10.9% in the first quarter. Mayflower Financial Advisors LLC now owns 13,834 shares of the financial services provider's stock valued at $109,000 after buying an additional 1,361 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors.

About Nomura

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura's principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.

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